null Want to Beat the Stock Market? Consider Leverage…and Bonds
Manager Insights

Want to Beat the Stock Market? Consider Leverage…and Bonds

Manager Insights White Paper Multi-Asset
November 2020
Want to Beat the Stock Market? Consider Leverage…and Bonds

Authors & Contributors

Traditional approaches to beating the S&P 500® remain challenged. Levered equity wins over time, but the baggage includes higher beta, deeper drawdowns, and other unfavorable risk outcomes. We believe the simple addition of long Treasuries combined with leverage appears to be the prescription to outperformance as it offers the outcome sought by investors.